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Dec 30, 2012
12/12
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strongly if we stay on the pathway we're currently on we're headed to the nanny state which is france and greece. that concerns me a great deal and the country will not be able to deal with the leader of the free world if we continue on that pathway. >> what would that look like for the average citizen? >> the average citizen more and more their life would be dependent on uncle sam. the difference between america and the rest of the world is our founding fathers placed the highest priority on individual enterprise and individual spirit. if people are willing to say my dependent upon my own willingness to work hard and impact the process we will continue to have that driving force that makes us the strongest country in the world. if we're not careful, we will walk away from it and soon, unfortunately, we'll be like france. >> do you have any sense there is a generational sense on views how the government should serve the public among younger americans than it is among baby boomers and older? >> i'm hopeful we can convince the cross section of the younger generation that their contribution to our
strongly if we stay on the pathway we're currently on we're headed to the nanny state which is france and greece. that concerns me a great deal and the country will not be able to deal with the leader of the free world if we continue on that pathway. >> what would that look like for the average citizen? >> the average citizen more and more their life would be dependent on uncle sam. the difference between america and the rest of the world is our founding fathers placed the highest...
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Dec 21, 2012
12/12
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CSPAN
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we are heading down the same path that greece did. right now the democrats are talking about raising taxes on the top 2%. if we do not stop the spending, we will be back here again maybe one year from now saying, maybe we need to raise taxes on the top 25% or 50%. then everybody will be taxed and we will run out of money. what is going to happen is the federal government is not going to be able to take care of its obligations. you are not going to be able to have safety nets. social security and medicare are going broke. we have to fix those of those who are dependent on those systems can get them. continuing to spend money like both parties have been doing the, wild spending is going to lead us to be just like greece. we are not going to be able to take care of the poor or the needy or take care of senior citizens. we have to stop spending. host: this is fiscal year 2010, but it has not changed significantly in terms of percentage. 41% of the federal budget. not defense appropriations 19%. defense spending 20%. the national debt 6%.
we are heading down the same path that greece did. right now the democrats are talking about raising taxes on the top 2%. if we do not stop the spending, we will be back here again maybe one year from now saying, maybe we need to raise taxes on the top 25% or 50%. then everybody will be taxed and we will run out of money. what is going to happen is the federal government is not going to be able to take care of its obligations. you are not going to be able to have safety nets. social security...
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Dec 31, 2012
12/12
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CSPAN2
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i want to turn around the spending problem we have that will prevent us from becoming greece, and if you will lead, i will follow, and yes, i will raise more revenue in a responsible way, but without you, it's going to be hard for us to get there. so the next time we meet is going to be around the debt ceiling, and the image i want is not a bunch of people behind the president who are clapping for him, but members of congress, republicans and democrats behind the president clapping for the president because he signed a bill that will save all of us from a certain fate. and our fate is being sealed as i talk unless we make changes. we cannot survive on the course we're taking today. the good news is with some bipartisanship and presidential leadership, we still have time to turn around this country and actually dominate the 21st century. it's going to take some pain, it's going to take some sacrifice, but one final story. when i was 21, my mom died. when i was 22, my dad died 15 months later. we were in -- my family owned a liquor store, a restaurant and a pool room, and everybody i k
i want to turn around the spending problem we have that will prevent us from becoming greece, and if you will lead, i will follow, and yes, i will raise more revenue in a responsible way, but without you, it's going to be hard for us to get there. so the next time we meet is going to be around the debt ceiling, and the image i want is not a bunch of people behind the president who are clapping for him, but members of congress, republicans and democrats behind the president clapping for the...
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Dec 30, 2012
12/12
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WUSA
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we're becoming greece, and we have a government that we're willing to pay the taxes for 65% of the cost of it. we need to change that. we need both, both-- we need to do both. >> o'donnell: i'm flawed brought thaglad you brought that up. we're not even there. we're just dealing with this little short-term patch that you can't even get an agreement on. what does that say about what's happened here in washington and a real lack of confidence among the american people that it the body you guys serve in is just broken? >> well, it is, and it needs to change. this conservative republican, this progressive carriage we both voted for it. we worked on this for three years. there is room for compromise and agreement. here's what we ran into the problem with. 40% of deficit reduction in the sim son-bowles came from additional revenue, 40%. when we said to speaker boehner you have to come up with revenue, he said i'll come up with a plan that protects those making less than $1 million. he couldn't silent republican caucus. the only way we deal with this cries and the deficit is on a bipartisan bas
we're becoming greece, and we have a government that we're willing to pay the taxes for 65% of the cost of it. we need to change that. we need both, both-- we need to do both. >> o'donnell: i'm flawed brought thaglad you brought that up. we're not even there. we're just dealing with this little short-term patch that you can't even get an agreement on. what does that say about what's happened here in washington and a real lack of confidence among the american people that it the body you...
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Dec 28, 2012
12/12
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. >> mitt romney kept saying this country could be on the road to be more like greece if we did not get our arms around it. the unemployment rate remains high. are you optimistic in the short term about our country's future. >> it is hard to be. i tried to be. if we can get this resolved, this fiscal cliff situation, and have a pathway to seeing the deficit be reduced, cannot do it overnight, if we can see there is a path, a trajectory of slowing down the growth of spending to the point you can see the deficit will ultimately go away over a reasonable time, people will start investing again, hiring again, and i spoke to a business group yesterday and asked if they would hire just because they get a tax credit for hiring people. they said no. if you see the deficit will go away and there is hope we are on the right path to fiscal sanity, will you then hired? yes. we will have markets for our products and services and then we will need more people. we are stuck right now because all we have done for a year and a half was kick the can down the road. i voted against the act a year- and-a-ha
. >> mitt romney kept saying this country could be on the road to be more like greece if we did not get our arms around it. the unemployment rate remains high. are you optimistic in the short term about our country's future. >> it is hard to be. i tried to be. if we can get this resolved, this fiscal cliff situation, and have a pathway to seeing the deficit be reduced, cannot do it overnight, if we can see there is a path, a trajectory of slowing down the growth of spending to the...
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Dec 28, 2012
12/12
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but it's not working incr greece. i heard a great saying that says when time gets tough, everyone is a keynesian. turn off the tv. not c-span of course. but turn off the news channels that are just cramming this stuff, and get involved in this before you formulate an opinion. i think we would be voted into office smarter, better people that are not tea party extremists. how about if on the democratic side grover norquist had said never cut any spending? i'm going to sign a bill that says never cut and spending. grover norquist, here's a great example, he does not even believe in economic case multipliers. host: gary says -- guest: what's interesting about the last election cycles is we had under president bush and the end, democrats seized control of congress in big numbers. and we had the big democratic sweep with the white house in 2008. 2010, republicans came sweeping back. we've had a pendulum swing, very contractive time period. that's one of the factors. we have seen both sides really dug in because they don't k
but it's not working incr greece. i heard a great saying that says when time gets tough, everyone is a keynesian. turn off the tv. not c-span of course. but turn off the news channels that are just cramming this stuff, and get involved in this before you formulate an opinion. i think we would be voted into office smarter, better people that are not tea party extremists. how about if on the democratic side grover norquist had said never cut any spending? i'm going to sign a bill that says never...
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Dec 2, 2012
12/12
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KPIX
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we're becoming greece because of out-of-control entitlement spending. there's no age adjustment for medicare and social security. there is no means testing, of in the president's plan. we should do what ronald reagan and tip o'neill did, adjust the age for retirements, a means test benefit, do it together, and republicans should put revenues on the table and the president's plan does nothing but damn us to becomeag greece. >> schieffer: let us shift to the whole situation of the episode that happened in benghazi, that's been kind of in turmoil. what happened? how was it that an american ambassador and three other mers died there? susan rice, who many think the president was nominating to be secretary of state, was back up on capitol hill during the week. did she help or hurt her case? >> well, apparently, according to the senators she met, she didn't do herself much good. but let's just say this about benghazi-- it's just not about susan rice. it's about a system that failed. the military failed. the intelligence community failed. before and during. thi
we're becoming greece because of out-of-control entitlement spending. there's no age adjustment for medicare and social security. there is no means testing, of in the president's plan. we should do what ronald reagan and tip o'neill did, adjust the age for retirements, a means test benefit, do it together, and republicans should put revenues on the table and the president's plan does nothing but damn us to becomeag greece. >> schieffer: let us shift to the whole situation of the episode...
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Dec 9, 2012
12/12
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CNNW
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the terrible state of our economy, we're fiscally bankrupt, we didn't have the dollar, we might be greece, we have got to deal with our debt bomb, we have got to face the fiscal cliff that's coming in a couple of weeks. >> so you know what both sides are saying? the president is saying there's no way to make the math work. without raising the rates for the top income earners and that the republicans should give on this. >> yeah. >> do you think he's right? >> well, i understand that position, that was the position he took during the campaign. but what has to happen in my view, you've got to have everything on the table, you have to have revenue increases. now how you get those to revenue increases was an item of discussion during the campaign, and it's an item more negotiation, i for one think you can get there by eliminating and broadeninging the tax base which eliminating loopholes and deductions. the truth of the matter is that we're not undertaxed as americans, we overspend. i think everything would agree that we overspend that's why we have this debt to gdp of 100% as far as the eye
the terrible state of our economy, we're fiscally bankrupt, we didn't have the dollar, we might be greece, we have got to deal with our debt bomb, we have got to face the fiscal cliff that's coming in a couple of weeks. >> so you know what both sides are saying? the president is saying there's no way to make the math work. without raising the rates for the top income earners and that the republicans should give on this. >> yeah. >> do you think he's right? >> well, i...
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ultimately is austerity this is this is what we're seeing happen in europe what we're seeing happen in greece and spain and in the u.k. where they didn't pass any stimulus packages like the one you were just talking about and their unemployment rates are significant about their g.d.p. or. higher their g.d.p. growth is significantly lower there in recession after recession republicans just not paying attention even some democrats not paying attention to what's going on across across the pond there i would suggest to you that republicans are paying attention to a lot of things and where they're bracing austerity which is clarity and to not work this and you austerity would be a good let's zero out the pell grants let's cut back subsidies on amtrak let's pare back some of the some of the so then do these federal workers pay let's cut. to not only rich rate is limited to realize your obligation not only there but even though the federal civilian employees pay has been quote frozen unquote the step increases are still in place that there are there are civilian employees who are making more than th
ultimately is austerity this is this is what we're seeing happen in europe what we're seeing happen in greece and spain and in the u.k. where they didn't pass any stimulus packages like the one you were just talking about and their unemployment rates are significant about their g.d.p. or. higher their g.d.p. growth is significantly lower there in recession after recession republicans just not paying attention even some democrats not paying attention to what's going on across across the pond...
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Dec 6, 2012
12/12
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MSNBC
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check out greece. that's what happens when a country avoids making tough fiscal decisions for too long. >>> a top republican pollster about what went wrong on their side. a lot of information coming here and why if republicans don't change the way they do business they may be on the losing end of elections for years to come. plus, the black helicopter crowd is at it again. republicans in the senate reject a united nations treaty to ban discrimination against the disabled. they say it would allow u.n. officials to come into this country and force home-schooled children into government-run, that is public schools. senator john kerry joins us to cut through the nonsense. >>> also tonight, the simpson's mr. burns gives us a rich man's look at the fiscal cliff. >> think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. >>> never too early for pollsters to start head to 20
check out greece. that's what happens when a country avoids making tough fiscal decisions for too long. >>> a top republican pollster about what went wrong on their side. a lot of information coming here and why if republicans don't change the way they do business they may be on the losing end of elections for years to come. plus, the black helicopter crowd is at it again. republicans in the senate reject a united nations treaty to ban discrimination against the disabled. they say it...
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Dec 4, 2012
12/12
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FOXNEWSW
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that's the entitlement reform we need to avoid becoming greece. >> there are two things you can do. you can do nothing. three things. you can do nothing. you can imagine it. or you can solve it. managing is limping along, lots of risks and recognizing that more baby boomers are coming along. management is going to get much more of a cataclysmic situation. >> that's a good point. the longer you wait to solve tthe harder it is. if we do nothing, social security runs out of money in 2033. medicare goes broke in 2024. and to fix tyou would have to increase taxes by one-third, for the entire population or cut benefits by 28%. if do you it now, you could save the benefit stream for those who need it the most, ask people likeny pay more and reduce my benefits because kiafford to take that hit. the sooner you do it, the easier it is for us all this. problem, my biggest problem with president obama, he is a small-minded president in big times. he is talking about 35 versus 39.6 for people who make over $1 million. that doesn't get -- >> that should pay eight days. >> eight days. i am talking
that's the entitlement reform we need to avoid becoming greece. >> there are two things you can do. you can do nothing. three things. you can do nothing. you can imagine it. or you can solve it. managing is limping along, lots of risks and recognizing that more baby boomers are coming along. management is going to get much more of a cataclysmic situation. >> that's a good point. the longer you wait to solve tthe harder it is. if we do nothing, social security runs out of money in...
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Dec 2, 2012
12/12
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CSPAN2
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california is greece. it will go bankrupt. it's done. stick a fork in it. it and it came true. why? obama is practicing the california model for the entire nation. and that's what is happening to the country and that's why there are no jobs because in the end, my father, the butcher, had it right. my father the blue collar butcher said, son, ill through hate rich people. nobody poor has ever given me a job. it if you demonize and target and hunt and punish rich people all day they're going go on strike. they're not going create jobs they're not going to make you money, or pay you taxes they leave the country. who left the country this week after i've been saying. denise rich, the biggest democratic contributor in the country. she's now an us a free began citizens who left the country a month ago. the guy who cofounded facebook who left the country with the billions of dollars and he's a singapore residence. these are the people obama likes and they're running from him. so it just shows you no one will be left when he's re-elected. >> you write "the conscience of a libertarian" the p
california is greece. it will go bankrupt. it's done. stick a fork in it. it and it came true. why? obama is practicing the california model for the entire nation. and that's what is happening to the country and that's why there are no jobs because in the end, my father, the butcher, had it right. my father the blue collar butcher said, son, ill through hate rich people. nobody poor has ever given me a job. it if you demonize and target and hunt and punish rich people all day they're going go...
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Dec 24, 2012
12/12
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MSNBCW
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this country is not becoming greece. this country -- this country, frankly, has a big unemployment problem. we have a deficit problem in the short term, not the long term. it's not a real problem now. our bonds selling higher than before and lower interest rates. it's not an immediate problem. he's saying what's worse. what he is saying is use blackmail on the entire economy like a gangster. pity if it happens to blow up. not increasing the debt ceiling -- >> already did that before. they have done it before. >> they have. >> and will do it again. >> frankly, that is obnoxious beyond belief. the president should not concede or negotiate on that basis at all. >> the president is adamant on the fact that's not a part of this conversation. >> it cannot be a part of any conversation. the debt ceiling is not a question of borrowing more. you determine how much deficit you will have passing the budget two, three, four years ago. >> correct. >> to say you won't raise the debt ceiling is to say you're not going to pay the bills
this country is not becoming greece. this country -- this country, frankly, has a big unemployment problem. we have a deficit problem in the short term, not the long term. it's not a real problem now. our bonds selling higher than before and lower interest rates. it's not an immediate problem. he's saying what's worse. what he is saying is use blackmail on the entire economy like a gangster. pity if it happens to blow up. not increasing the debt ceiling -- >> already did that before. they...
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Dec 19, 2012
12/12
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KQED
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some encouraging news on europe's economic crisis: standard and poor's gave greece a better grade. it got upgraded to a "b-minus" from "selective default" thanks to reassurances that greece will stay in the eurozone. on wall street, the dow rose 115 points, the nasdaq gained almost 44, and the s&p added 16. our next guest says any reasonable fiscal cliff deal is better than no deal. he's robert doll, chief equity strategist and senior portfolio manager at nuveen asset management. >> susie: hi, bob. nice to see you again. >> thanks, susie. >> susie: so investors and traders really do seem to think that a deal is coming, like our previous guest, roger altman. is this rally all about hopes for a deal or something nore fundamental? >> it is about hope for a deal. the malaise and the lack of confidence and the uncertainty has been pervasive, as you well know, susie. that has held corporations back from doing things, from spending money, and some individuals as well. as roger said a few minutes ago, if we can clear the air with some sort of fiscal cliff deal, i think that does lift the o
some encouraging news on europe's economic crisis: standard and poor's gave greece a better grade. it got upgraded to a "b-minus" from "selective default" thanks to reassurances that greece will stay in the eurozone. on wall street, the dow rose 115 points, the nasdaq gained almost 44, and the s&p added 16. our next guest says any reasonable fiscal cliff deal is better than no deal. he's robert doll, chief equity strategist and senior portfolio manager at nuveen asset...
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Dec 27, 2012
12/12
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KQED
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for greece as a whole, it means that and more. the headlines are about finance ministers, debt deals, austerity measures. but it's become clear that he problem here in greece now goes well beyond just the economy. as a recent european commission report says: after years of weak growth, the crisis is now having severe social consequences. look up and you still see the ancient acropolis, symbol of a glorious past. and some parts of the city bustle with holiday energy. but not far away: closed-up storefronts. and, further below the surface, this: a health clinic set up by the greek branch of the international aid group, doctors of the world to serve the country's newly poor. dr. nikitis kanakis is its director. >> brown: kanakis group, in fact, had to cut back some of its work in africa because of the needs at home. here in perama, unemployment tops 50% as the shrinking economy has crippled much of the local shipping industry. at the same time, the deeply indebted greek government has made dramatic budget cuts, including to health be
for greece as a whole, it means that and more. the headlines are about finance ministers, debt deals, austerity measures. but it's become clear that he problem here in greece now goes well beyond just the economy. as a recent european commission report says: after years of weak growth, the crisis is now having severe social consequences. look up and you still see the ancient acropolis, symbol of a glorious past. and some parts of the city bustle with holiday energy. but not far away: closed-up...
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Dec 30, 2012
12/12
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but we certainly are not greece. >> enough talk about this single-minded focus. and yet you -- you have talked about this single-minded focus. how do you feel about leaving at this particular point in time? >> we still have several weeks. we have laid out the plans. all these efforts i have been part -- all of these efforts that i have been a part of. one reason i did not run again is because i wanted to focus these last two years. i knew if i was running i would not be able to be in the hundreds of hours i have been a part of. they developed a work product to those who are negotiating. many of the ideas we generated will be part of a solution before the end of this year or early next. the work product we produced will be a part of the solution. >> you talk about missing 80% of family birthdays, but will you -- what will you be doing next? >> i don't know. some speaking, some teaching. one thing i can assure you i will not be doing is lobbying. beyond that, i have made that clear that it is not in my interests. it is not what i'm going to be doing. >> there are w
but we certainly are not greece. >> enough talk about this single-minded focus. and yet you -- you have talked about this single-minded focus. how do you feel about leaving at this particular point in time? >> we still have several weeks. we have laid out the plans. all these efforts i have been part -- all of these efforts that i have been a part of. one reason i did not run again is because i wanted to focus these last two years. i knew if i was running i would not be able to be...
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Dec 12, 2012
12/12
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FBC
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a debt to gdp ratio at 70% puts us at greece. they are 162%, we are not near that, but do you worry this could bring us there someday? >> well, that's exactly the right metric to think about how much debt we have relative to how big we are that's how we think about how much house we can afford on an individual level, and that's how the government should be thinking too. how much the u.s. government is sustain in terms of debt to gdp. luckily, we don't know. 70, we could survive in terms of the sense we won't bespialing out of control, but the higher that ratio is, then the more that future generations, their taxes go simply to service the debt for the services that their parents and grandparents enjoyed. tracy: right. >> it's the right way to think about the problem. get the number dun as soon as we can. tracy: the answer will be continue to raise axes to make those interest payments which is circular and arguably stupid at the end of the day. talk about the tax code. how do you do it? it's a big book of favors. it is a doorstop
a debt to gdp ratio at 70% puts us at greece. they are 162%, we are not near that, but do you worry this could bring us there someday? >> well, that's exactly the right metric to think about how much debt we have relative to how big we are that's how we think about how much house we can afford on an individual level, and that's how the government should be thinking too. how much the u.s. government is sustain in terms of debt to gdp. luckily, we don't know. 70, we could survive in terms...
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Dec 10, 2012
12/12
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FOXNEWSW
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here we ban them and it -- >> greg: the funny thing is we talk about greece, but before there was greece, there was detroit. detroit is greece. if it was only the acropolis. dead city. people left because they couldn't make a living, the unions suffocate pod tenial. >> bob: true about toledo and cleveland and cincinnati? the northern cities that have had bleed of workers? >> eric: i will make a wage with you. now that snyder signs it off and right to work, i bet an auto company goes -- brand new, never done business before in detroit. >> kimberly: you will lose this bet, bob. >> eric: coming up, 2004 south korean singer rapped about killing americans in 2019 and is invited to perform for president obama. ♪ ♪ >> eric: maybe not. we will gangmam bang it out next. and make sure you go to the facebook page. we are updating and posting facebook.com/thefivefnc. click like. we'll be right back. ♪ ♪ [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only
here we ban them and it -- >> greg: the funny thing is we talk about greece, but before there was greece, there was detroit. detroit is greece. if it was only the acropolis. dead city. people left because they couldn't make a living, the unions suffocate pod tenial. >> bob: true about toledo and cleveland and cincinnati? the northern cities that have had bleed of workers? >> eric: i will make a wage with you. now that snyder signs it off and right to work, i bet an auto...
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Dec 10, 2012
12/12
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CSPAN2
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eye 124
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we are not spain or greece, we are not totally messed up. there's a country that gets the government to quit screwing that we would do fine over the next 20 years. [applause] imagine the consultant's report. if they cannot and said no we have easily the the situation and you have one act and 14,000 people. you think this is that? [laughter] you think you should be deeply depressed, then consider quitting to the congress that isn't doing well to be worthy of a couple hundred it doesn't deserve your loyalty. why don't you go home. >> these people wanted to be free. and they are prepared to die. when they cross the delaware on christmas night in a desperate last effort before the army seizes to exist, the slogan, the password is a victory or death, and they meant it. it wasn't victory or i will cry for six weeks. it wasn't a victory or not going to watch fox news for a month. it wasn't a victory i think i will pout. [laughter] these people were really passionate. about the idea that freedom was the right god had given them and they were not goi
we are not spain or greece, we are not totally messed up. there's a country that gets the government to quit screwing that we would do fine over the next 20 years. [applause] imagine the consultant's report. if they cannot and said no we have easily the the situation and you have one act and 14,000 people. you think this is that? [laughter] you think you should be deeply depressed, then consider quitting to the congress that isn't doing well to be worthy of a couple hundred it doesn't deserve...
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151
Dec 31, 2012
12/12
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CSPAN
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eye 151
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i want to turn around the spending problem we have that will prevent us from becoming greece, and if you will lead, i will follow, and yes, i will raise more revenue in a responsible way, but without you, it's going to be hard for us to get there. so the next time we meet is going to be around the debt ceiling, and the image i want is not a bunch of people behind the president who are clapping for him, but members of congress, republicans and democrats behind the president clapping for the president because he signed a bill that will save all of us from a certain fate. and our fate is being sealed as i talk unless we make changes. we cannot survive on the course we're taking today. the good news is with some bipartisanship and presidential leadership, we still have time to turn around this country and actually dominate the 21st century. it's going to take some pain, it's going to take some sacrifice, but one final story. when i was 21, my mom died. when i was 22, my dad died 15 months later. we were in -- my family owned a liquor store, a restaurant and a pool room, and everybody i k
i want to turn around the spending problem we have that will prevent us from becoming greece, and if you will lead, i will follow, and yes, i will raise more revenue in a responsible way, but without you, it's going to be hard for us to get there. so the next time we meet is going to be around the debt ceiling, and the image i want is not a bunch of people behind the president who are clapping for him, but members of congress, republicans and democrats behind the president clapping for the...
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Dec 21, 2012
12/12
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CNBC
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greece does not have an exit. citigroup had a 90% chance earlier this year. the biggest day of this jurn year was june 17th when they elected a moderate who did not try to pull greece out. and germany stepped up and gave them some money and that september the 6th, that was the european central bank. so you had china, maria, the united states and greece. none of them went off the cliff. maria, this is for you. our little christmas present for you, maria. >> thank you. thank you. >> we want to remember, by the way, this is emblem attic of all these nice things you have said this week for the victims of the newtown connecticut tragedy. we love the way you all have been strong in support of them. >> thank you. i very much appreciate that. michael, let me ask you, what do you want to be avoiding in 2013? >> i think you have to look at it from the standpoint of extreme. it's clearly in the bond market. it's clearly in the love for dividends. it's clearly in the love for income versus capital appreciation, versus cycle kral. i call this the rocky balboa stock market
greece does not have an exit. citigroup had a 90% chance earlier this year. the biggest day of this jurn year was june 17th when they elected a moderate who did not try to pull greece out. and germany stepped up and gave them some money and that september the 6th, that was the european central bank. so you had china, maria, the united states and greece. none of them went off the cliff. maria, this is for you. our little christmas present for you, maria. >> thank you. thank you. >>...
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Dec 18, 2012
12/12
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FBC
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good morning, everyone, 50 billion dollars flowing into greece. it will never be repaid. new figures show the country in a deep depression. 11 million people owe a half trillion dollars. back home, speaker boehner and president obama are a little closer to a deal and both have given some ground on taxes and spending. the markets like it. right now john boehner is trying to sell it to his party. across the country, record gun sales over the weekend. "varney & company" about to begin. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >> we have breaking news right now on the debate within the republican party about the fiscal cliff deal. rich edson has what, what is being discussed here, what is the latest, rich? >> a plan b on the fiscal cliff on taxes, stuart. this is coming from house speaker john boehner who is addressing republicans right now. we have a source in the room
good morning, everyone, 50 billion dollars flowing into greece. it will never be repaid. new figures show the country in a deep depression. 11 million people owe a half trillion dollars. back home, speaker boehner and president obama are a little closer to a deal and both have given some ground on taxes and spending. the markets like it. right now john boehner is trying to sell it to his party. across the country, record gun sales over the weekend. "varney & company" about to...
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Dec 27, 2012
12/12
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CSPAN
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like we are doing in greece. in greece, we've had the most brutal, a substantial fiscal squeeze and in the history of humanity. if you look at the numbers, and nowhere before as the budget -- has the budget been squashed so savagely. and what happened to the debt? 129% to 200% of gdp. it is what happens. when you kill the cow that produces the milk, it will not produce more milk and if you keep hitting it, it will not produce more. the problem with the economy is, we need to start recycling global surpluses again in a rational way. the great advantage of having no qualms about lying through your teeth as politicians in this country and in my country have been known to do -- the story that i have been trying to tell is quite complicated. you can use simplification in order to confuse people. when in being interviewed by the media, you have about 20 seconds. you have to answer the question of what is wrong with the world. if you say, well, we have too much debt. we will become the slaves of the chinese like these a
like we are doing in greece. in greece, we've had the most brutal, a substantial fiscal squeeze and in the history of humanity. if you look at the numbers, and nowhere before as the budget -- has the budget been squashed so savagely. and what happened to the debt? 129% to 200% of gdp. it is what happens. when you kill the cow that produces the milk, it will not produce more milk and if you keep hitting it, it will not produce more. the problem with the economy is, we need to start recycling...
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Dec 18, 2012
12/12
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WJZ
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. >>> good news for greece. raised the credit rating by 6 notches. other european union countries are committed to keeping greece. >>> instagram says it has a right to sell your photos. expressing outrage on twitter and sites. instagram claims the right to sell photos to advertisers without payment or notification. there's no way to opt out unless you close your account by january 16th. that's your money watch. cbs money watch.com. >> coming up at 4:00, toyota troubles the multi million dollar fine levied by the government. >>> the strongest northwest storm of the season roars into washington state. the mess it left behind. >> no leavy coats needed outside. right now mild and sunny. but tells us that's going to to change. always on for your top stories on wjz.com. and first warning weather click wjz.com. ,,,,,,,,,,,,,,,, >>> i'm paula from maryland, happy holidays, wjz. >> happy holidays to paula. >> happy holidays paula and everybody out there. >> it's a nice day. >>> it really is . there's an event going on that exact place on sunday. we're going t
. >>> good news for greece. raised the credit rating by 6 notches. other european union countries are committed to keeping greece. >>> instagram says it has a right to sell your photos. expressing outrage on twitter and sites. instagram claims the right to sell photos to advertisers without payment or notification. there's no way to opt out unless you close your account by january 16th. that's your money watch. cbs money watch.com. >> coming up at 4:00, toyota troubles...
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Dec 15, 2012
12/12
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FBC
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. >> california is america's greece. we continue see them, you know, gone past the proverbial, you know, they have gone over, and it feels weir base there's people re-election -- weird because there's a lot of people who are relatively poor, and if you're rich, you can handle it, but they both are together on the same things, and it's those people in the middle, those 1 million, by the way, who left in the last ten years to go to texas because they are the ones who get crush in all of this, and real opportunities are a loss for everyone, and at some point, you hit a break wall. it's happening around the world right now. neil: how many will actually use it for the intentions it has? >> from what i read, they admit programs like this around the country have been ripe with all kinds of frauds. i would suspect a vast majority sell it. i can't imagine, you know, a lot of homeless people are drug addicts, you know, we got -- by the way, we got a lot of programs out there. you know, for homeless people, and we got a ton of prog
. >> california is america's greece. we continue see them, you know, gone past the proverbial, you know, they have gone over, and it feels weir base there's people re-election -- weird because there's a lot of people who are relatively poor, and if you're rich, you can handle it, but they both are together on the same things, and it's those people in the middle, those 1 million, by the way, who left in the last ten years to go to texas because they are the ones who get crush in all of...
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Dec 25, 2012
12/12
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CSPAN2
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eye 229
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say this to the current congress and people in washington and news media, we're not spain, we're not greece, we're not totally messed up like europe. we would do fine over the next twenty years if we get government to quit screwing up. [applause] but imagine the consult assistant consult ant report if they said general washington, we have you have one ax and 14,000 people. we think this is bad. we think you should be deeply depressed and consider quitting. a congress isn't doing well enough doesn't deserve the loyalty. why don't you go home? they wanted to be free. and they prepared to die. when they crossed dpez on christmas night on a desperate and last effort before the army seizes to exist. the slogan, or pass word is victory or death. and they meant it. it wasn't victory cry or six weeks. or victory or i'm not going watch fox news for a month. it wasn't victory or i think i'll pout. all right people really passionate about the idea that freedom was the right god had given them. they weren't going fail god by giving it up. finally we get to yorktown, the last novel in washington. it's a
say this to the current congress and people in washington and news media, we're not spain, we're not greece, we're not totally messed up like europe. we would do fine over the next twenty years if we get government to quit screwing up. [applause] but imagine the consult assistant consult ant report if they said general washington, we have you have one ax and 14,000 people. we think this is bad. we think you should be deeply depressed and consider quitting. a congress isn't doing well enough...
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Dec 19, 2012
12/12
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KQED
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i thigh it is hyperbole to say that the united states is going to become greece but it is not hyperbole to compare us to japan and wonder if we get stuck in this slow growth quagmire. europe might be even more in danger of that. >> rose: okay. let's stop right there. do you think that we are at risk of getting stuck in the slow growth quagmire that japan got stuck in, the united states economy? >> well, i would say we are in a mild version of it now, and, you know, we need to do improvements and reforms. i don't think spending money is the solution. there are smart ways to spend it for sure, but i don't buy this idea that bigger keynesian stimulus will solve our problems, these fundamental problems with demographics, with slowing innovation, and other things we are experiencing. i think we need more fundamental reform and my colleagues like paul krugman will say, you know, i hear that all the time but i really want to see -- i want to see stimulus now, and i think we have been doing this for a long time, we are doing it at seven percent of gdp at the moment, and i think it is sensible t
i thigh it is hyperbole to say that the united states is going to become greece but it is not hyperbole to compare us to japan and wonder if we get stuck in this slow growth quagmire. europe might be even more in danger of that. >> rose: okay. let's stop right there. do you think that we are at risk of getting stuck in the slow growth quagmire that japan got stuck in, the united states economy? >> well, i would say we are in a mild version of it now, and, you know, we need to do...
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Dec 21, 2012
12/12
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CNBC
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what does greece have? they have a lot longer fuse than a time bomb. >> still a telling comparison quarterback nevertheless. coming up on "worldwide exchange," don't go anywhere. in an exclusive interview, jean-claude trichet tells stephane pedrazzi why markets need to be more upbeat. >>> take a look at samsung shares. they are down. sherry, what's going on? >> hi, kelly. investors were worried about news that eu regulators are getting ready to accuse samsung electronics of breaking competition rules when it filed its patent lawsuits against rival apple. now, the commission is saying samsung should have tried to license its patents on fair, reasonable and nondiscriminatory terms before launching any sales claims against apple and this may explain why apple dropped those claims earlier this week. now, the eu's probe has been underweight since january. many analysts say the eu's move had been spented. samsung's withdraw came on the heels of a california judge's refusal to block sales of dozens of samsung's mo
what does greece have? they have a lot longer fuse than a time bomb. >> still a telling comparison quarterback nevertheless. coming up on "worldwide exchange," don't go anywhere. in an exclusive interview, jean-claude trichet tells stephane pedrazzi why markets need to be more upbeat. >>> take a look at samsung shares. they are down. sherry, what's going on? >> hi, kelly. investors were worried about news that eu regulators are getting ready to accuse samsung...
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Dec 4, 2012
12/12
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FOXNEWSW
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the big problem with us becoming greece is not revenue, it's not the tax code. it's entitlements. 10,000 baby boomers retire a day. social security and medicare are about $50 trillion underfunded combined, and we need to adjust the age of retirement slowly but surely for people under 55 because we're all living longer. you and i need to pay a little more into the system because we can afford it. that's the kind of entitlement reform we need to avoid the coming grief. >> greta: there are two things to do. nothing. i guess there are three things. we can do nothing, manage it, or solve it. manage is sort of a limping along situation. recognizing that more baby boomers are coming along. management is actually getting more of a situation. >> the longer you wait to solve it, the harder it is. if we do nothing, social security runs out of money in 2033. medicare goes broke in 2024, and to fix it, you would have to increase taxes by one-third for the entire population or cut benefits by 28%. if you do it now, you could save the benefit string for those who need it the m
the big problem with us becoming greece is not revenue, it's not the tax code. it's entitlements. 10,000 baby boomers retire a day. social security and medicare are about $50 trillion underfunded combined, and we need to adjust the age of retirement slowly but surely for people under 55 because we're all living longer. you and i need to pay a little more into the system because we can afford it. that's the kind of entitlement reform we need to avoid the coming grief. >> greta: there are...